Farmington:Located just a few miles northwest of Detroit in prestigious Oakland County, the communities of Farmington Hills and Farmington provide residents with a unique blend of small town charm, international diversity and cutting-edge commerce. The city of Farmington is completely surrounded by Farmington Hills, the largest community in the county with some 82,000 residents. By comparison, Farmington is home to approximately 10,500 people. The Village of Farmington was incorporated in 1867 and in 1927 it became a city. The rest of the township became the city of Farmington Hills and was incorporated in 1973. Farmington is known for its historic downtown area and is home to many community events, including the annual Founders Festival featuring handmade craft items, fine arts, free entertainment, children’s rides and an ox roast. Real estate options consist of single-family homes for sale, condominiums, townhouses and land for custom building.
Real Estate Market Summary - Prices of Farmington Hills Homes for Sale
The real estate market is comprised mainly of new developments with most of the homes built between 1980 and 1990. Pricing for condominiums and townhouses starts as low as $50,000 and can range up to $700,000 and more for multi-story detached models. Single-family homes start below $100,000 and reach up to $2.5 million and more for grand estates on spacious properties. Home prices have decreased since last year, this is a great opportunity for first time home buyers to find a more affordable property. There are currently many first time home buyer incentives. Looking for your new home? View currently listed homes in Farmington Hills Michigan. See market trends of Farmington Hills real estate market including average home prices, property values, townhomes, condominiums and other property types. Interested in bank owned or foreclosure properties? Access foreclosures, bank owned properties, short sales and more real estate in Farmington Hills Michigan.
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